B. Riley Issues Pessimistic Forecast for Peabody Energy (NYSE:BTU) Stock Price

Peabody Energy (NYSE:BTU - Free Report) had its target price trimmed by B. Riley from $27.00 to $19.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the coal producer's stock.

Other analysts have also recently issued research reports about the company. BMO Capital Markets upgraded Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 target price for the company in a report on Monday, December 16th. Benchmark decreased their price target on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, Jefferies Financial Group reduced their price objective on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, January 6th.

Peabody Energy Stock Performance

Shares of Peabody Energy stock traded down $0.24 on Friday, reaching $12.13. 3,113,756 shares of the stock were exchanged, compared to its average volume of 3,195,198. The firm has a market capitalization of $1.47 billion, a PE ratio of 4.49 and a beta of 0.52. The business has a fifty day moving average price of $13.74 and a two-hundred day moving average price of $19.77. Peabody Energy has a 1-year low of $9.61 and a 1-year high of $29.94. The company has a current ratio of 2.15, a quick ratio of 1.68 and a debt-to-equity ratio of 0.27.

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Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. As a group, research analysts anticipate that Peabody Energy will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 19th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 19th. Peabody Energy's dividend payout ratio is currently 11.11%.

Institutional Trading of Peabody Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in Peabody Energy by 167.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after purchasing an additional 744 shares during the last quarter. Quarry LP acquired a new stake in Peabody Energy during the fourth quarter worth about $26,000. Byrne Asset Management LLC raised its holdings in Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock valued at $37,000 after acquiring an additional 680 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after acquiring an additional 900 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Peabody Energy by 70.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock worth $42,000 after purchasing an additional 1,281 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.